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Problem 6-2A (Part Level Submission) Martinez Corp. markets CDs of numerous performing artists. At the beginning of March, Martinez Corp. had in beginning inventory 2,670
Problem 6-2A (Part Level Submission) Martinez Corp. markets CDs of numerous performing artists. At the beginning of March, Martinez Corp. had in beginning inventory 2,670 CDs with a unit cost of $7. During March, Martinez Corp. made the following purchases of CDs. March 5 2,110 $8 March 13 3,630$9 March 21 5,460 $10 March 26 2,120$11 During March 12,050 units were sold. Martinez Corp. uses a periodic inventory system. (a) Your answer is correct. (a) Determine the cost of goods available for sale. The cost of goods available for sale (b) Cllate Average Cost. (Round answer to 3 decimal places, e.g. 5.125) Average Cost 9.14 LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEKT MILAR PROBLEM Attempts: 1 of 2 used (b) Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and
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